Plaintiffs claim fraudulent conveyance in failed LBO

Business Valuation UpdateVol. 2 No. 2
Legal and Court Case Update
February 1996
3721 Aircraft
336411 Aircraft Manufacturing
discount rate, discounted cash flow (DCF)

MFS/Sun Life Trust v. Air Partners
910 F. Supp. 913
October 23, 1995
Federal Court
New York
United States District Court
Dominic DiNapoli, Thomas Comeau, and Stephen Dennis (for defendant) Wilbur L. Ross, Jr, Richard Smith (for plaintiff)


The consolidated cases arose from the leveraged buyout (LBO) of Van Dusen Airport Service Company ("VDAS") in August 1988. Plaintiffs are holders of senior subordinated notes issued by VDAS ...

See Also

MFS/Sun Life Trust v. Air Partners

At issue is the valuation of Van Dusen Airport Services Company.